There should be no such thing as an unfunded government liability....if a benefit is promised as a perk of employment....it must be 100% funded or not offered.
“There should be no such thing as an unfunded government liability....if a benefit is promised as a perk of employment....it must be 100% funded or not offered.”
All promised conditions of employment by the taxpayers exist at their discretion.
Just as with Social Security, they could be modified or ended tomorrow.
The legislatures that impose taxes and appropriate collections do not employ or supervise the politicians who sign these ridiculous “contracts”, and no sovereign people (acting through their representatives) are bound by them.